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YM BioSciences, Inc. Ordinary S Message Board

  • barney0361 barney0361 Mar 5, 2010 9:14 AM Flag

    Shrugging this one off

    I'm normally quick to panic about this sort of thing, especially when I've got a substantial part of my holdings in the impacted company (as I do in this one).

    Today's news though, really isn't causing too much heartburn. I don't like the $1.20 share price, but I think it might be more relfective of the financing market than the company.

    It's not uncommon for drug developers to make these sorts of deals and in my experience the share price recovers relatively quickly (see AEZS for a recent example, but ignore the implosion when their Phase 3's didn't work out).

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